Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.063%

Price spread now: Coinbase International against Gate+0.021%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.239%+$24 on $10k

Price spread, last 4 days (all we have)+0.224%+$22 · spread now +0.021%, 7d avg +0.073%

Together, before fees+0.462%+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.052% cheaper against Gate than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.073%). If the spread goes back, that is −$5 on $10k: about 18 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.239% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAVE_USDT	142.09	0.0100	pay 0.0100% / 8h	4h 45m	$8.0M	$15.6M	75x
Short	Coinbase International AAVE-PERP-INTX	142.12	0.0336	get 0.0042% / 1h	45m 18s	$775K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.021%Rate

Funding earned: $49.56
Price spread: +0.021% → +0.073%: −$5.22
Slippage, 4 orders: −$30.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$11.07
Costs to cover: 0.554%
Break-even: 8.6 days

Slippage from Gate: live order book, 3 min ago; Coinbase International: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 3 min ago	2.47 bp	12.8 bp −$13	29.4 bp −$294	43.0 bp −$4,298	48.2 bp −$24.1K
Sell Coinbase International live order book, 4 min ago	3.17 bp	16.5 bp −$16	22.1 bp −$221	doesn't fit	doesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	−0.0176%	1h	142.10	+0.007%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0037%	1h	142.01	−0.056%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.14	+0.038%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.10	+0.007%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.05	−0.028%	$220K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.10	+0.006%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.610%	$422	$51K	12x	as long as short
Nado AAVE-PERP	+0.0042%	1h	142.00	−0.063%	$841K	$447K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.09	−0.003%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	142.07	−0.014%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	142.04	−0.035%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.13	+0.030%	$4.5M	$1.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.08	−0.004%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.19	+0.070%	$76.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.16	+0.049%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.07	−0.011%	$323K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.07	−0.014%	$63.4M	$185.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.08	−0.007%	$60.8M	$66.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.10	+0.007%	$17.0M	$63.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.19	+0.070%	$63K	$204K	10x	as long as short
Gate AAVE_USDTlong	+0.0100%	8h	142.09	long leg	$8.0M	$15.6M	75x
MEXC AAVE_USDT	+0.0100%	8h	142.11	+0.014%	$25.1M	$23.6M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.07	−0.014%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.96	−0.091%	$28.9M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.05	−0.028%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.27	+0.127%	$338K	$715K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.05	−0.029%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.83	−0.183%	$102K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.90	−0.136%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.81	−0.197%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.15	+0.042%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.09	0.000%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.19	+0.072%	$684K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.07	−0.014%	$4.0M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.68	+0.413%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.96	−0.090%	$895K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.01	−0.053%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.18	+0.061%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.04	−0.035%	$3.3M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.09	−0.001%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0326%	1h	142.12	+0.018%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTXshort	+0.0336%	1h	142.12	+0.021%	$775K	$2.8M	50x